Insurance

Teva Inks $135M Settlement In Ill. Medicaid Fraud Case

Teva Pharmaceutical Industries Ltd. will pay $135 million to the state of Illinois to clear up allegations the Israeli drugmaker bilked the government by inflating prices for medicines covered by the state’s Medicaid program, according to a settlement announced Thursday…

Read this piece in its entirety at Law360.

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Travelers Can’t Take Suspended Corp.’s Place In Defect Suit

Travelers Property Casualty Co. of America can’t sue an insulation company on behalf of developers covered by the insurer because the development companies had their corporate rights revoked after missing tax payments, a California state appeals court ruled Friday…

Read this piece in its entirety at Law360.